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Warehouse (MW - Snapshot Report)
Description & Developments
company founded in Houston in 1973 has come a long way since its humble
beginnings. Although George Zimmer’s trademark
motto hasn’t changed, (aside from his now distinctly scratchy voice)
company’s size, reach and profitability has soared. So has
world where competition for price and business is tough, Men’s
Warehouse is not
only guaranteeing “you’ll like the way you look” but they are honing in
niche market that has become not only price sensitive, but more prudent
in their purchases – The middle class.
the company partnered with designer Vera Wang to design their new
of tuxedos, which is a move to increase visibility and bring a bit more
and high fashion to their already respectable lineup.
I have noticed new stores popping up in my travels which take me to
major cities a month. Personally, I
enjoy my experience there and believe that they sell quality threads at
prices. Perhaps I am jaded being an old
Wall Street guy who used to pay for custom suits (in my young and
America (supposedly) gets back to work, the male working populous will
some new duds to make an impression and MW should benefit from this as
* Here is a
younger Zimmer offering us his
promise in 1993
is trading at about 15.4 times trailing earnings (p/e) and the Zacks
Estimate is for that number to drop to 14.3 over the next year (with
here). Last year the company earned
$2.24 and expectations are from those earnings to increase 3% to $2.31
current fiscal year.
are ranked 5 out of 47 other companies in their industry, which is not
showing considering their peers.
MW is throwing off a dividend of .48, with a yield of 1.45%.
Obviously as a momentum stock we are looking
for capital appreciation, but a bit of div love never hurts.
currently ranks MW with an Outperform rating with a price target of
are for MW to lose 0.12 cents this quarter when they report on March
down from .79 in EPS they showed last quarter. Following this
quarter earnings are expected
to move back up to .61.
surprised analysts to the upside by 21.54% last quarter. We
have not seen any upward analyst revisions
in the past 30 days for the coming report, but we are still almost two
away from the numbers. What I have seen
is upward yearly revisions from 2.20 to a current consensus estimate of
earnings for this year.
revisions along with the fundamental and technical analysis gave me
to add it to our momentum list.
Performance & Techincals
is currently trading just about $4.00 below its 52 week high of
$36.44. Over the past year MW has outpaced the
500 by 28% and in the past 3 months alone has gained 11.69% against the
with most of the market, the stock pulled back sharply to $24.60 in
then retested that level again in October before starting its current
the charts you’ll notice that we are in a stock ascending channel, but
stock has been consolidating a bit between $31.50 and $33.50.
Strong support comes at the $31.50
level. Look for the breakout above the
recent $34.00 highs for a run.
A Levy is the Momentum Stock Strategist for Zacks.com. He is also the
charge of the market-beating Zacks
Whisper Trader Service.